Thomas J. Pauloski is a National Managing Director in the Wealth Management Group of Bernstein Global Wealth Management, the research division of Bernstein’s Private Client Group. Tom works with private clients and their professional advisors to develop tax-efficient wealth transfer strategies and asset allocation decisions. He is based in Bernstein’s Chicago office and is a frequent speaker and writer on tax, estate planning, and insurance issues. Tom wishes to thank Allan Kaplan, of New Century Planners, LLC, Chicago, Illinois, for providing insurance illustrations for the case studies and helpful editorial comments. He also thanks his Bernstein colleagues, Matthew Teich and Jonathan Goldman, for their technical and editorial contributions.